Which tool owned by Microsoft centralizes printer management tasks?

The correct choice is Print Server. A Print Server is a dedicated server or a network printer that manages print requests from clients, centralizing the printer management tasks. Through a print server, administrators can easily manage multiple printers, control access, monitor print jobs, and configure printer settings across a network. This streamlines the overall management of printing resources and simplifies the user experience.

While the Microsoft Management Console (MMC) is a versatile tool used to manage various system management functions, including user account control, system monitoring, and hardware management, it does not specifically centralize printer management tasks in the same way that a Print Server does. The Device Settings Tab and Color Management Tab pertain to specific device settings and color profiles, but they do not serve as centralized management tools for printers across a network.